Number borrowers | 8,462 |
Loan Amount (range) | USD 100 - 25,000 |
Loan Term (range) | 3 - 36 |
Other Services (text summary) | |
Annual Interest & Method | 24.0%-32.0% annual, Decl Bal |
Fees | 2.00%-3.00% upfront |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 21.8% - 38.4% |
Fee Component | 1.5% - 7.1% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 29.4% - 34.3% |
Transparency Index (min/max) | 57 - 94 |
Transparency Index (average) | 74 |
148,447 |
MAD 3,000 - 20,000 |
6 - 30 |
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Formation Initiale pour les nouveaux clients |
25.2% annual, Decl Bal |
125.00 upfront 1.50% upfront |
None |
None |
N/A |
10.3% - 31.5% |
0.7% - 15.2% |
0 |
0 |
27.9% - 40.7% |
62 - 107 |
75 |
Outstanding portfolio (USD) | USD 38,015,232.05 |
Portfolio (USD) | USD 38,015,232.05 |
Active Clients with Loans | 8,462 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 8 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan |
Outstanding portfolio (MAD) | MAD 775,008,000 |
Portfolio (USD) | USD 91,177,411.76 |
Active Clients with Loans | 148,447 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Financement du fonds de roulement ou d'investissement |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Formation Initiale pour les nouveaux clients |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) | Jouir d'une bonne moralité |
# Regions for this institution | 12 |
# Regions for this product | 12 |
Regions Active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa, Guelmim-Oued NounEl Aiun-Saguia al Hamra, Dakhla-Oued Addahab |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 25,000 |
Loans less than USD 1,500 | 10% |
USD 1,500-5,000 | 40% |
USD 5,000-10,000 | 40% |
USD 10,000-15,000 | 5% |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 40% |
Longer than 18 months | 30% |
Grace period usage | 10% |
Average grace period | 3.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | MAD |
Minimum loan size | MAD 3,000 |
Maximum loan size | 20,000 |
Loans less than MAD 5,000 | 10% |
MAD 5,000-15,000 | 70% |
MAD 15,000-25,000 | 20% |
MAD 25,000-35,000 | 0 |
MAD 35,000-45,000 | 0 |
Greater than MAD 45,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 30.0 months |
Approx average | 16.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 50% |
Longer than 18 months | 15% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Commission varies with loan amount. 2% applied on loan amount $5000 and above, 3% on less than $5000. 2% commission flat fee is applicable for Nakhchivan only |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 2.10% |
Highest quoted nominal interest | 2.10% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Frais de dossier | Commission d'accompagnement solidaire (CAS) | |
% of loan amount - min | 0 | 1.50% | |
% of loan amount - max | 0 | 1.50% | |
OR, Fixed amount - min | 125 | 0 | |
Fixed amount - max | 125 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
USD 2,550 | Generated | 2014-10-01 | 10.0 months | 0.0 months | USD 408.78 | 34.3% | 29.6% | 4.7% | 0.0% | 0.0% | 0.0% | 70 | - | |
USD 3,000 | Generated | 2014-10-01 | 18.1 months | 0.0 months | USD 725.16 | 29.4% | 25.2% | 4.2% | 0.0% | 0.0% | 0.0% | 82 | - | |
USD 3,450 | Generated | 2014-10-01 | 10.0 months | 0.0 months | USD 488.05 | 30.8% | 23.8% | 7.0% | 0.0% | 0.0% | 0.0% | 78 | - | |
USD 5,100 | Generated | 2014-10-01 | 12.1 months | 0.0 months | USD 911.55 | 32.1% | 28.2% | 3.9% | 0.0% | 0.0% | 0.0% | 75 | - | |
USD 6,000 | Generated | 2014-10-01 | 18.1 months | 0.0 months | USD 1,635.54 | 32.9% | 28.7% | 4.2% | 0.0% | 0.0% | 0.0% | 73 | - | |
USD 6,900 | Generated | 2014-10-01 | 24.3 months | 0.0 months | USD 2,632.10 | 33.9% | 30.6% | 3.3% | 0.0% | 0.0% | 0.0% | 71 | - | |
USD 18,000 | Generated | 2014-10-01 | 24.3 months | 0.0 months | USD 6,908.50 | 33.8% | 31.6% | 2.2% | 0.0% | 0.0% | 0.0% | 71 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MAD 3,000 | MAD 5,000 | MAD 10,000 | MAD 20,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-04-04 | 2013-04-26 | 2013-03-28 | 2013-04-18 | |||
Loan Term (Months) | 9.0 months | 12.0 months | 13.0 months | 23.0 months | |||
Grace Period (Months) | 0.4 months | 0.3 months | 0.4 months | 0.4 months | |||
Total Cost of Credit | MAD 482 | MAD 875 | MAD 1,822 | MAD 5,786 | |||
True Price by Comp | |||||||
Interest price component | 25.5% | 25.6% | 25.6% | 25.5% | |||
Fee Component | 15.2% | 8.4% | 5.1% | 2.4% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 40.7% | 34.0% | 30.7% | 27.9% | |||
Transparency Index | 62 | 74 | 82 | 90 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
---|---|
# Samples: | |
# Products | |
# Institutions | |
# Countries | |
# Borrowers | |
Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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